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Let's Check the Markets!
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, October 7, 2016
Grand and Reserve Grand Steers Top the Junior Livestock Show Sale at the Tulsa State Fair
The Tulsa State Fair Junior Livestock Show Sale
of top animals from the 2016 Junior Market Show showed lots of support for the 4-H and FFA members who "made the sale" for the Thursday evening gala and auction event.
Sale prices of the top animals that led off the show were a little softer than the last two years, reflecting some of the pain seen in the economy. But, the longest number of consecutive years of participating in the Junior Livestock Sale by an individual continued- with LC Neel
being a part of the buying consortiums that were in on the Grand and Reserve Grand Champion Steers- as well as the Reserve Grand Champion Meat Goat. The ninety one year old Neel was not sure how many years that 2016 was when it came to his buying of one or more of the top animals at the show- but his family believed it was at least half of his life- meaning over 45 years of participating at the Tulsa State Fair Junior Livestock Show.
It was told by sale officials after LC Neel was announced as being one of the buyers of the Grand Champion Market Steer(seen here)- that the long time supporter had invested over one and a half million dollars in the lives of young people by buying animals at the Junior Livestock Show over the last several decades.
The Grand Market Steer led off the sale- and Tommy Glover
of Elgin 4-H sold his Chianina Champion for $30,000 to LC Neel, as well as to Farm Credit of Western Oklahoma and McDonalds. The young 4-H member from Comanche County has had a great 2016- showing the Reserve Grand Champion Market Steer at the Oklahoma Youth Expo back in March.
The Reserve Grand Champion Steer brought the second most money of any animal in the sale- $20,000 was the final bid for the Maine-Anjou Steer owned by Allyson Arthur
of Chickasha- buying her steer were LC Neel and Paul Sizemore.
The 2016 Grand Champion Market Barrow was brought into the ring by owner Shaynn McWirter
from the Maysville FFA Chapter- and her barrow show for a total of $12,000- being purchased by the Oklahoma Pork Council and the Oklahoma Farm Bureau.
The Grand Champion Market Lamb was the third animal sold- and Kamden Urban
of Mt. View-Gotebo FFA was rewarded for his success with a $10,000 bid for his lamb- offered by Cherokee Pride Construction.
The Grand Champion Market Meat Goat was also sold for a ten thousand dollar bid- with Hayley Lundry
of Haworth FFA the owner of the Division Three Goat Champion who was named the best of the 446 Goats shown on Tuesday and Wednesday. Buying Hayley's goat was a group that included J&B Pump and Supply, Oklahoma AgCredit, AFR and Brad Gungoll.
To read more about the sale- and see the prices paid for all of the Grands and the Reserves- click here
It's great to welcome the Livestock Exchange at the Oklahoma National Stockyards as a new sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|OK FFA Member Tyler Schnaithman Shooting for the Stars at Upcoming National FFA Convention
The 89th Annual National FFA Convention will be kicking off soon in Indianapolis. Gearing up for the convention are two American Star finalists from Oklahoma - Garrett Yerigan of the Pryor FFA Chapter for American Star in Agribusiness, and Tyler Schnaithman of the Garber FFA Chapter competing for the American Star Farmer award. I recently had the opportunity to speak with Schnaithman and learn a bit more about his achievements in agriculture as he prepares for his trip to the convention."Well my journey in production ag really started in eighth grade," Schnaithman said. "I was given the opportunity to acquire seven acres of cropland and really started out with primarily a sheep project."Schnaithman began his supervised agricultural experience, or 'SAE,' with 10 Suffolk and Hampshire ewes. Although he has transitioned some, he still continues to operate under the same basic principles that he learned during his eighth grade year in agricultural education, managing an accurate record keeping system that helps to keep him and his enterprise on track.Winning this award, would cap-off a very successful career in FFA. Schnaithman served as a state FFA officer and has competed in national public speaking contests both in the Creed contest and in prepared public speaking. He currently attends Oklahoma State University as a senior and plans to return to the family farm after graduating.Listen to my entire conversation with American Star Farmer Finalist Tyler Schnaithman about his journey in production agriculture. Schnaithman will also be joining me for the weekly In the Field segment on KWTV News9 in the Oklahoma City area on Saturday morning at 6:40 a.m.
|US Meat Export Federation Reports Beef, Pork Exports Strong in August, Values Reach 2016 Highs
August was a strong month for U.S. red meat exports as beef export volume was the largest in nearly two years and both beef and pork exports posted the highest monthly values of 2016, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
August beef export volume climbed 27 percent from a year ago to 106,818 metric tons (mt) - the highest since October 2014, breaking the 100,000 mt mark for the first time this year. Export value was $566.8 million, up 14 percent. For January through August, export volume was up 6 percent to 747,706 mt, while value was down 7 percent to just over $4 billion.
Exports accounted for 13.5 percent of total beef production in August and 10 percent for muscle cuts only - each up about 1 percentage point from a year ago. For January through August, these ratios were roughly steady with last year at 13 percent and 10 percent, respectively. Export value per head of fed slaughter was $256.73 in August, down 4 percent from a year ago, and $252.50 for January through August, down 12 percent.
Pork exports were up 16 percent from a year ago to 186,689 mt, the largest volume ever posted in August. Export value was up 19 percent to $512.76 million. For January through August, pork export volume was 1.48 million mt, up 5 percent from the same period last year. Export value moved 1 percent ahead of last year's pace at $3.78 billion.
With August pork production at the largest level so far this year and record-large for the month of August, exports accounted for 24 percent of total production and 20 percent for muscle cuts only - up slightly from a year ago. For January through August, exports accounted for 25 percent of total pork production and 21 percent for muscle cuts, roughly steady with last year. Export value per head slaughtered was $49.36 in August, up 7 percent from a year ago and exceeding last year's average for the third consecutive month. For the first eight months of the year, per-head value averaged $49.37, down 1 percent.
|Grain Markets Trading Sideways, No Signs of Breaking the Pattern
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks wheat prices with SUNUP's Lyndall Stout this week - and gives an overview of how grains being harvested right now are doing in trade as well. A common thread it seems in wheat and most all grains right now, is movement in a sideways pattern. Wheat, he says, has been doing this for the last couple months. According to him, the December contract moved from $3.95 to $4.25, getting down close to support at the $4 level. The basis around the state though is running anywhere from -$1.29 off December to -$1.15; cash prices dropping off mid-week at around $2.75. Fund positions are short at 127,000 bushels - about 635 million bushels off. Dr. Anderson says there are no signs in the market currently that suggest a break in this sideways pattern.
Corn though on the opposite end of the spectrum, he says. Traders have been bouncing around $3.45 trying to make a break that would potentially cause a .20 run up in prices to $3.65. Finally, Anderson says beans have been trading right in the middle of their sideways pattern range at $9.35 - $10.00. He says if it breaks $10, then there will be some strong resistance at $10.20. Looking out though, Anderson still believes there is little chance of neither soybeans, nor wheat, breaking their sideways patterns.
Be sure to tune into SUNUP this Saturday at 7:30 a.m. and Sunday at 6 a.m. on OETA-TV.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|Cattle Industry's Top Minds Putting Heads Together to Solve Futures Trade Trouble in DC This Week
The cattle industry's top minds are meeting this week in Washington, D.C. with representatives from the CME Group to discuss possible strategies for fixing the volatility being seen in both live and feeder cattle futures contracts as well as the cash market. National Cattlemen's Beef Association's Colin Woodall, vice president of Governmental Affairs, is at the meeting and says futures have become much less reliable as a risk management tool for producers. He says this is an issue that has been in the works for some time now."We have cattle producers from all segments of our industry and from across the country and town this week, to really focus on three things," Woodall said. "The primary focus is on the volatility that we are seeing in the CME Group's cattle futures contracts. We have to get that addressed."In addition, Woodall says the working group will discuss what changes if any to contract specifications can be made that might help alleviate some of the issues causing the problem, and will also broach the subject of price discovery and the overall strength of the cash market. He mentioned that all three commissioners of the Commodity Futures Trading Commission would be in attendance and included in the discussion as well."We've had to change our approach a little bit," Woodall said. "It's obvious that just working with the CME is no longer going to give us the access to the data that we had hoped for so that's why we have already gone to the Commodity Futures Trading Commission, and why we invited all three commissioners to join us."Woodall says that if for some reason the CFTC is unable to help in this case, NCBA has also invited the House Agriculture Committee, CFTC's oversight body, to potentially lend more assistance.Listen to Woodall talk more about this week's meeting between NCBA and the CME Group during the latest Beef Buzz.
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|Eastern Shawnee Tribe Installs High Tunnel System, Part of a Pilot Food Sustainability Project
The Eastern Shawnee Tribe of Oklahoma is growing. From a recycling center to well managed pastures of grazing cattle, their lands straddling the Oklahoma-Missouri border are a hive of activity. With a little help from their latest high tunnel pilot project, Chief Glenna Wallace is hoping not even the changing seasons will slow them down."The Tribe is in the process of developing an Agriculture Department with the goal of expanding our food production," Wallace said. "This project will help us do that."Similar to a greenhouse, but lighter and often not requiring electricity, high tunnels offer a range of benefits to growers. Often a primary motivation for setting up a high tunnel is to extend the growing season for fruit and vegetable plants. High tunnels can also improve plant and soil health, reduce nutrient and pesticide transportation and reduce energy inputs by providing a local source of fresh produce throughout the year.The Tribe's high tunnel is nestled in a clearing surrounded by recently planted wildflower strips to support pollinators. The air is thick inside, and the plastic skin glows a soft green from the surrounding pine trees. Chief Wallace explains this first high tunnel began with the idea of creating a people's garden for the community. This year, the Tribe is experimenting with the concept to see what crops will work best with their soil and weather conditions.
Click here to read more about the Eastern Shawnee Tribe of Oklahoma's agricultural efforts.
|Superior Livestock Selling Today- and Be Looking for Tulsa State Fair Stories
Starting at 8:00 AM central time- Superior Video Livestock Auction
has their regular every other week Friday sale- with over 16,000 head of cattle to be sold online today.
More details can be had by jumping over to the Superior website- click here
to do so and check today's sale out.
We have several interviews that will be coming from our time at the 2016 Tulsa State Fair- including a Beef Buzz feature with State Fair Market Steer Show judge Mark Hoge
and OCA's Michael Kelsey
- who celebrated his birthday yesterday by working the OCA Ribeye Steak Booth in Tulsa.
Be watching for those stories on our website today- and in our email on Monday morning!
|Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens Association and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
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